Continental Airlines Reports Operational Performance For October

1st Nov 2001

Continental Airlines (NYSE: CAL) today
reported a 72.1 percent domestic and 56.5 percent international load factor
for a systemwide load factor of 66.1 percent in October 2001. The systemwide
load factor is 4.7 points above the load factor reported for September 2001
and 4.9 points below the 71.0 percent load factor reported for October 2000.
The domestic load factor is 1.0 points higher than the results for
October 2000, on 18.4 percent less capacity.

Continental`s on-time arrival rate was a record 88.7 percent, 0.2 points
above its previous record in September 1995. Its October 2001 completion
factor of 99.6 percent tied the record set in November 2000.

In October 2001, Continental systemwide flew 4.0 billion revenue passenger
miles (RPMs) and 6.1 billion available seat miles (ASMs), resulting in a
traffic decrease of 22.8 percent and a capacity decrease of 17.1 percent
versus October 2000. Domestic traffic was 2.7 billion RPMs, down 17.2 percent
from October 2000, and domestic capacity was 3.8 billion ASMs, down
18.4 percent from last year.

A decrease in systemwide load factor and yield resulted in a decrease in
estimated passenger revenue per available seat mile (RASM) of between 23 and
25 percent for October 2001, as compared to October 2000. For the first two
weeks of October, RASM decreased 24 to 26 percent versus the same period in
October 2000. For the remainder of October, RASM decreased 22 to 24 percent
versus the same period in October 2000.

Continental Express, a wholly owned subsidiary of Continental Airlines,
reported a load factor of 62.7 percent for October, 1.7 points above last
year. Continental Express flew 286.6 million RPMs and 457.2 million ASMs in
October, resulting in a traffic increase of 4.6 percent and a capacity
increase of 1.9 percent versus October 2000.